Quote from: Lembo69 on Today at 05:25:26 PM

Quote from: Tmoonz on Today at 12:37:36 PM

Quote from: maydna on Today at 12:20:10 PM

Quote from: Ricardo11 on Today at 05:03:31 AM

Quote from: maydna on Today at 02:54:12 AM

~snip~

Many investors have this thinking, they always want to see only the pump, but at first they cannot realize that Bitcoin does not move in one direction, Bitcoin moves in both directions, it will dump for a while and then move up again. This is how Bitcoin moves, so you should never invest in Bitcoin thinking about short-term gains. For those who want to move with a long-term perspective, the best investment currency is Bitcoin.
If an investor understood the real potential of Bitcoin, then he would never chase after other altcoins and would only invest in Bitcoin, because Bitcoin is the most secure, profitable and solid investment in the long run, so instead of wasting money on other investments, invest in the right place, i.e. Bitcoin, there will be no other investment as successful as Bitcoin in the long run.

They must change their mindset because Bitcoin price will still move up and down. But in the future, they will see the price reach the highest price and not just at $109k level but more than that. They should use Bitcoin as their long term investment so they just use this time to accumulate more Bitcoin and hodl it. A wise investor will not just buy without research because he realize that only with research they will what they need to do related to the market situation. The new investor in Bitcoin investment must learn many things before they decide so they know how much money they can allocate in Bitcoin.

I still wondering the kind of research that you are considering for a wise investor to make before buying Bitcoin, I guess you are talking about analysing the market conditions before buying Bitcoin. However, as an investor with a long term goals and objectives, you don't need to make any research about the market before buying Bitcoin, it is complex to analyze the market conditions such that an investor don't need to make investment decisions based on the market in order not to miss buying opportunities while attempting to analyze the market conditions, what every new investor needs is to acquire the basic knowledge of Bitcoin and figure out how much of discretionary income they have to invest in Bitcoin and not to wait till they learn many things since they can be doing that at the same buying Bitcoin with the dca strategy.

An investor is always worried about when is the best time to buy Bitcoin. The DCA strategy is to make this decision easier for them. No matter how experienced you are in Bitcoin, you will be afraid at some point that your investment will be useless. Starting from an emergency fund, do whatever you think is necessary to make your investment easier. If you go to a successful investor to listen to his success story, he will also tell you that he was afraid at some point and went through difficult situations.

Therefore, when you consider your thinking as strong. And at some point, you will be subjected to a difficult situation, such as a price drop, then strengthen your thinking power, because only after this situation will you become a successful investor. I believe that an investor continues his investment with emergency funds and unique opportunities for all kinds of situations

Discretionary Income should be considered first before your emergency fund, it is from your Discretionary that you will use to buy your bitcoin and continue your bitcoin investment, then your emergency fund is to settle your unforseen challenges or problem which would have make you to sell out your bitcoin when it was not your target to sell.